Assets Under Management AUM

Swiss Merchant Group AG has acquired a 9.9% stake in the American Asset & Wealth Management group CARDEA Corporate Holding, Inc.

DGAP-News: Swiss Merchant Group AG / Keyword (s): Investment / Financing

Swiss Merchant Group AG has acquired a 9.9% stake in the American Asset & Wealth Management group CARDEA Corporate Holding, Inc.

18.11.2021 / 10:33
The issuer is solely responsible for the content of this advertisement.

Company news from Swiss Merchant Group AG:

Swiss Merchant Group AG announces a strategic 9.9% stake in the share capital of the American company CARDEA Corporate Holding Inc., headquartered in Atlanta, Georgia.

CARDEA Corporate Holding Inc. (“CARDEA”), is a Securities and Exchange Commission (SEC) regulated asset and wealth management group active in the United States with approximately $ 3.2 billion in assets under management (AuM). CARDEA offers a wide range of services around Asset- & Wealth Management for its own and external Asset Manager teams and pursues a strategy of consolidation in the fragmented space of Asset Management through the acquisition of suitable companies responding to investment criteria in the United States and Europe. The CARDEA group has subsidiaries and affiliates in the United States, United Kingdom, Spain and Germany. With a substantial pipeline of target acquisitions from European and American asset managers, CARDEA aims to reach total assets in excess of 15 billion in the medium term.

Luke Heatley, Senior Portfolio Manager of Swiss Merchant Group AG: “We are delighted to be part of the CARDEA platform and to contribute our commitment and efforts to the further successful execution of the acquisitions strategy aimed at adding assets and assets based in Europe and the United States. Wealth managers “

Jordan Waring, CEO of Cardea Corporate Holdings, Inc. “Partnering and welcoming as a shareholder of Swiss Merchant Group is an exciting step forward for us. We believe their knowledge and experience will make a substantial contribution to Cardea as we move into the next phase in our growth story, and as we seek to make significant strategic acquisitions in Europe. “

Swiss Merchant Group SA is a Swiss investor specializing in asset-backed investments and holdings in the real estate and financial services sectors.

Swiss Merchant Group SA
CH-6300 Zug
+ 41 41 511 37 00
[email protected]


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End of the announcement

11/18/2021 Broadcast of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

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